Goliath Intersects Several High-Grade Holes Including 19.13 g/t Au Over 6.10 Meters, Drilling Significantly Expands Extent Of Gold Mineralization In All 5 Main Zones That Remain Open

Core Insights - Goliath Resources Limited has reported significant assay results from the 2025 drilling campaign at the Surebet Discovery, confirming the presence of high-grade gold mineralization across multiple zones [25][26][30] - The 2025 drilling campaign has demonstrated remarkable continuity, grades, and widths in gold mineralization, with 100% of the 110 drill holes intersecting gold [19][25][32] - The company is fully funded for a 2026 drill program aimed at expanding the five main mineralized zones and exploring the potential Motherlode source [25][26] Drilling Results - Drill hole GD-25-319 intersected 19.13 g/t Au over 6.10 meters, while GD-25-405 intersected 10.58 g/t Au over 8.30 meters, showcasing high-grade gold intercepts [19][25][28] - A total of 83 out of 110 holes (76%) drilled in 2025 contained visible gold to the naked eye (VG-NE), indicating strong mineralization [19][32] - The assay results from the 2025 campaign have expanded the high-grade gold footprint at the Surebet Discovery, which remains open for further growth [25][30] Mineralized Zones - The updated geological model identifies five primary mineralized zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, comprising 46 distinct lodes [25][27][30] - The Bonanza Zone has a strike length of 1.8 km and contains intercepts up to 13.53 g/t AuEq over 11 meters, while the Surebet Zone has intercepts up to 21.08 g/t AuEq over 23 meters [27][28] - The Golden Gate Zone has intercepts up to 34.52 g/t AuEq over 39 meters, indicating significant potential for further exploration [27][28] Geological Insights - The mineralization at Surebet is characterized by three distinct rock packages, including gold-rich stacked quartz-sulphide breccias, intermediate to felsic gold-rich dykes, and calc-silicate altered breccia [29][30] - The presence of VG-NE across various rock types confirms the potential for a nearby Motherlode magmatic source, which is responsible for the extensive high-grade gold system [29][30] - The geological studies conducted by the Colorado School of Mines have provided new insights into the ore-forming processes, enhancing the understanding of the high-grade gold discovery potential [30][34]